The similarities between two deadly Oakland, Calif. fires that occurred nearly four months apart are striking: Each involved a dangerously dilapidated building with an absentee landlord and renters desperate for affordable housing in the expensive San Francisco Bay Area. The …
The Hartford has named A. Morris “Mo” Tooker, currently chief underwriting officer, as head of its Middle Market segment. Tooker remains chief underwriting officer for the company’s property/casualty businesses and continues to report to Doug Elliot, president of The Hartford. …
Water officials say authorities in San Jose, Calif. received several warnings that flooding was imminent but failed to evacuate thousands of residents who were trapped in their homes after a creek broke its banks. John Varela, board chairman of the …
XL Catlin’s environmental insurance business has appointed Denali Marlane as its Western regional underwriting manager in San Francisco. Marlane will manage XL Catlin’s environmental underwriting operations. She comes from AIG, where she most recently was a claims sales leader. XL …
A worker at Delmarva Petroleum in Lincoln, Del., nearly died after fire from a chop saw ignited an explosion. The Delaware State Fire Marshal’s Office tells local media that the explosion happened shortly after 1 p.m. Tuesday as the 21-year-old …
ProTucket Insurance Company has become the first Rhode Island domestic insurer to be formed specifically for providing run-off portfolio transfer solutions. The move has been made possible under new state legislation which will allow companies to transfer their insurance business …
MassMutual Southern New England in Warwick, R.I., and MassMutual Northern New England in Bedford, N.H., have merged with Commonwealth Financial Group (CFG), a Boston, Mass.-based comprehensive financial planning firm. CFG, a general agency of Massachusetts Mutual Life Insurance Company, was …
Exxon Mobil Corp.’s attempt to derail a multistate fraud probe into whether the company fully disclosed to investors the financial risks of climate change was dealt a major blow after a Texas judge moved the case from its home turf …
XL Catlin’s insurance operations announced the appointment of Isa Ennadifi as senior underwriter, Structured Risk Solutions (SRS). She is based in London. The SRS team is a global underwriting unit that provides XL Catlin’s clients with customized solutions for large …
The heist of $81 million from the Bangladesh central bank’s account at the New York Federal Reserve last year was “state-sponsored,” an FBI officer in the Philippines, who has been involved in the investigations, said on Wednesday. Lamont Siller, the …
